Tech-stock slump drags Nasdaq down more than 3%

SAN FRANCISCO (MarketWatch) -- Technology stocks plunged shortly after the market opened Friday, with the tech-heavy Nasdaq Composite Index
$compq
falling 75 points, or 3.4%, to 1,571. The Dow Jones Industrial Average
DJIA, +1.38%
surrendered more than 400 points to fall to 8,160. No relief was in sight as every major tech stock lost ground and added to the previous session's losses. Among notable tech stocks Microsoft Corp.
MSFT, +1.50%
Hewlett-Packard Co.
HPQ, +2.45%
and Intel Corp.
INTC, +1.49%
were each down more than 4% in early trading.

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